Trade Financial News

Want to take exposure to a sector which grows much faster than GDP

MphasiS Ltd. rose 2.55 per cent to Rs 2511.35 in Thursday's trade. It hit an intraday high of Rs 2579.0 and low of Rs 2493.7, respectively, during the day.

Max Healthcare Institute Ltd. traded 0.67 per cent down at Rs 730.9 on Thursday at around 02:10PM (IST), while the benchmark BSE Sensex declined 589.38 points to 70470.93.

markets dropped at the start of trading Thursday as investors awaited an update on the outlook for eurozone interest rates.

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

Zee Entertainment Enterprises Ltd. traded 3.9 per cent lower in Thursday's session at 01:50PM (IST). The stock opened at Rs 167.3 and has touched an intraday high and low of Rs 167.95 and Rs 158.2, respectively, during the session so far.

Varun Beverages Ltd. slipped 1.2 per cent to Rs 1251.3 in Thursday's trade as of 01:55PM (IST).

DCB Bank fell over 6 percent on Thursday after the lender witnessed a decline in its net interest margin (NIM) for the quarter ended December (Q3FY24). Its NIM for Q3FY24 declined sharply 21 bps QoQ to 3.48 percent. The lender posted an 11.2 percent year-on-year (YoY) rise in its net profit to ₹126.6 crore for the third quarter of FY24, as against ₹113.9 crore in the same period last year.

BSE PSU index, reflecting the performance of public sector enterprises, surged by 1.2% to reach 16,698 points. Notably, it rebounded from the previous day's low of 15,838, marking a 5.2% recovery. 12 PSU stocks surged between 4% and 13% in today's trade, and among these, RITES emerged as the top performer, with its shares surging nearly 13% in intraday trade to ₹652 apiece.

In a market teeming with activity, Bitcoin’s latest surge to $40,000, marking a nearly 1% increase on Thursday, has investors and analysts revisiting their Bitcoin price predictions. This uptick comes amidst a flurry of significant developments: Chinese investors, spurred by stock market dynamics, are increasingly engaging with Bitcoin despite its prohibited status in the country.

₹1,349.65 against the previous close of ₹1,407.75 and soon fell over 6 per cent to hit the level of ₹1,322. Around 9:20 am, the stock traded 5.53 per cent lower at ₹1,329.95. Tech Mahindra Q3 results: After market hours on Wednesday, Tech Mahindra reported a 61 per cent year-on-year (YoY) decline in its net profits which plunged to ₹510.4 crore in the December 2023 quarter from ₹1,296.6 crore in the year-ago period.

Q3 results 2023: Investors are ready for an earnings bonanza on January 25 as a slew of major Indian companies, including Tata Technologies, Vedanta Limited, TVS Holdings Ltd, and Punjab National Bank, are set to unveil their financial performance for the Q3FY24 results. The market eagerly awaits these results, seeking insights into the economic recovery and sectoral trends amidst global uncertainties. In the afternoon session on January 24, the market displayed a robust rebound, primarily driven by short covering.

₹7,374.95 apiece on the BSE. Two-wheeler major Bajaj Auto reported a net profit of ₹2,042 crore in Q3FY24, a growth of 37% from ₹1,491 crore in the year-ago quarter. The company’s revenue from operations during the quarter rose by 30% to ₹12,114 crore from ₹9,315 crore, YoY.

Asian stocks traded cautiously and bonds fell on Thursday while investors waited on more detail of China's stimulus plans and for a European Central Bank meeting later in the session.

Tesla CEO Elon Musk said on Wednesday Chinese automakers will «demolish» global rivals without trade barriers, underscoring the heat the U.S. electric vehicle market leader faces from the likes of BYD, who are racing to expand worldwide. Musk's comments come after Warren Buffett-backed BYD — with its cheaper models and a more varied lineup -overtook Tesla as the world's top-selling EV company last quarter, despite Tesla's deep price cuts through 2023. Chinese car companies were the «most competitive» and «will have significant success outside of China, depending on what kind of tariffs or trade barriers are established,» Musk said on a post-earnings call with analysts on Wednesday. «If there are no trade barriers established, they will pretty much demolish most other car companies in the world,» he said.

cryptocurrencies in early 2023, when he realized that the Chinese economy and its stock markets were going downhill.

Ayodhya's Ram temple consecration will likely have a rub-off effect on other leading pilgrimages such as Shirdi, Kashi Vishwanath, Odisha's Jagannath Rath Yatra, Tirupati, Mathura, Vaishno Devi and Golden Temple, companies selling consumer staples and grocery essentials as well as jewellery chains said. Adani Wilmar, ITC, Reliance, Parle Products, Dabur and Britannia are deepening distribution and dealer networks, launching limited edition packs or doubling marketing and branding spends at large religious sites, while jewellers such as Kalyan and Senco are setting up stores in spiritual zones.

Want to take exposure to a sector which grows much faster than GDP

Tesla expects to start production of its long-anticipated, next-generation electric vehicle at its Texas factory in the second half of 2025, Chief Executive Elon Musk said on Wednesday. But Tesla shares were down 6.5% in premarket trading as Musk noted that ramping up production of the new vehicle would be challenging and Tesla also warned of sharp slowdown in sales growth this year before the new model launch. Musk said it would take «a tremendous amount of new revolutionary manufacturing technology» required — a sign that any boost to Tesla's declining pace of growth would take time. His projection followed a Reuters story earlier in the day saying Tesla had told suppliers to prepare for a June 2025 startup of a smaller crossover vehicle, critical for the automaker as it loses share to inexpensive EVs such as those made by China's BYD.

Tata Technologies, SBI Life, ZEE among others will be in focus due to various developments and quarterly numbers. Here's a complete list of stocks for investors to track.

NEW DELHI, MUMBAI : India’s free trade talks with the UK and European Union (EU) may skip the vexed carbon tax matter in an attempt to fast-track the trade deals, three people aware of the matter said. The absence of any agreement on the carbon border adjustment mechanism (CBAM) casts a cloud over Indian steel exports to the region, as it would raise the cost of exports and eat into profits. India is negotiating separate free trade agreements (FTAs) with the UK and EU.